The Frankfurt Stock Exchange (German: FWB Frankfurter Wertpapierbörse) is a stock exchange located in Frankfurt, Germany. DAX 30 ( Deutscher Aktien IndeX 30, formerly Deutscher Aktien-Index 30 (German stock index is a Blue Chip Stock market index consisting of the In Investing, Financial markets are commonly believed to have market trends that can be classified as primary trends secondary trends (short-term and secular trends The German language (de ''Deutsch'') is a West Germanic language and one of the world's major languages. A stock exchange, share market or bourse is a Corporation or Mutual organization which provides "trading" facilities for Stock Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe.
The Frankfurt Stock Exchange is one of the biggest and most efficient exchange places in the world. It is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and clearing company Clearstream. Deutsche Börse AG ( (ˈdɔɪtʃə ˈbɶʁzə is a marketplace organizer for the trading of Shares and other securities. A futures exchange is a central financial exchange where people can trade standardized Futures contracts; that is a contract to buy specific quantities of a Commodity Eurex is a major futures and options exchange for European Benchmark Derivatives featuring open and low-cost electronic access globally Clearstream Banking SA (CB is the clearing division based in Luxembourg, of Deutsche Börse.
The Frankfurt Stock Exchange has over 90 percent of turnover in the German market and a big share in the European market. Here the Frankfurt Stock Exchange floor trading loses, but in fast developing and expanding electronic trading (Xetra trading system) the FSE gains in European and international trade: partner-exchanges adopted the Xetra (trading system) (as the Vienna Stock Exchange in 1999, the Irish Stock Exchange in 2000 and the Budapest Stock Exchange in 2003); consolidation continues. Xetra ("E' x' change E lectronic Tra ding" is a worldwide electronic securities trading system based in Frankfurt Xetra ("E' x' change E lectronic Tra ding" is a worldwide electronic securities trading system based in Frankfurt The Wiener Börse AG (also known as the Vienna Stock Exchange (WBAG is a Stock exchange in Vienna, Austria and one of the most established exchanges in Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) The Irish Stock Exchange ( ISE) (Stocmhalartán na hÉireann is Ireland 's Stock exchange, formed through the merger of the Cork and Dublin exchanges both 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. The Budapest Stock Exchange (BSE was re-opened in 1990 with Headquarters in Budapest, Hungary. Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar.
Mainly through Xetra, the German stock market was opened to foreign investors and market participants. About 47% of the 300 market participants in Frankfurt come from abroad.
The trading indices in Frankfurt are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50. DAX 30 ( Deutscher Aktien IndeX 30, formerly Deutscher Aktien-Index 30 (German stock index is a Blue Chip Stock market index consisting of the The MDAX is a stock index which lists German companies The index is calculated by Deutsche Börse. The SDAX is the selection index for 50 smaller companies in Germany, so-called small caps that in terms of order book volume and market capitalization rank directly The TecDAX Stock index tracks the performance of the 30 largest German companies from the technology sector The VDAX-NEW Index expresses the variation margin – the implied volatility – of the DAX anticipated on the Derivatives market. Dow Jones Euro Stoxx 50 is a Stock index of Eurozone stocks designed by Stoxx Ltd a joint venture of Deutsche Boerse AG, Dow Jones & Company
Trading runs from 09:00 to 17:30 with closing auction from 17:30-17:35. In November 2003, Late DAX was introduced running from 17:45 to 20:00 and in 2006 X-DAX was introduced running from 17:45-22:00 (in line with US trading hours)
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History
The origins of the Frankfurt Stock Exchange go back to the 9th century and a free letter by Emperor Louis the German to hold free trade fairs. The 9th century is the period from 801 to 900 in accordance with the Julian calendar in the Christian / Common Era. An emperor (from the Latin " Imperator " is a (male Monarch, usually the sovereign ruler of an Empire or another type of Louis (also Ludwig or Lewis) the German (also known as Louis II or Louis the Bavarian) (806 &ndash August 28, 876 By the 16th century Frankfurt developed into a wealthy and busy city with an economy based on trade and financial services.
In 1585 a bourse was established to set up fixed currency exchange rates. A currency is a unit of exchange, facilitating the transfer of Goods and/or services It is one form of Money, where money is In Finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how During the following centuries Frankfurt developed into one of the world's first stock exchanges - next to London and Paris. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. Paris (ˈpærɨs in English; in French) is the Capital of France and the country's largest city Bankers like Mayer Amschel Rothschild and Max Warburg had substantial influence on Frankfurt's financial trade. A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money Mayer Amschel Rothschild ( February 23, 1744 &ndash September 19, 1812) was the founder of the Rothschild family banking empire Max M Warburg ( 5 June 1867 — 26 December 1946) was a Jewish-German-American banker and was from 1910 until 1938 director of M
In 1874 Frankfurt Stock Exchange moved into its new building at Börsenplatz. Year 1874 ( MDCCCLXXIV) was a Common year starting on Thursday (link will display the full calendar of the Gregorian calendar (or a Common
It was only in 1949 after World War II that the Frankfurt Stock Exchange finally established as the leading stock exchange in Germany with consequently incoming national and international investments. Year 1949 ( MCMXLIX) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including A stock exchange, share market or bourse is a Corporation or Mutual organization which provides "trading" facilities for Stock Germany, officially the Federal Republic of Germany ( ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant is a Country in Central Europe.
During the 1990s the Frankfurt Stock Exchange was also bourse for the Neuer Markt (German for New Market) as part of the world wide dot-com boom. The 1990s collectively refers to the years between and including 1990 and 1999 The German language (de ''Deutsch'') is a West Germanic language and one of the world's major languages.
In 1993 the Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) became Deutsche Börse AG, operating businesses for the exchange. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar)
From the early 1960s onwards the Frankfurt Stock Exchange took advantage of the close by Bundesbank which effectively decided on financial policies in Europe until the introduction of the euro in 2002. The 1960s decade refers to the years from the beginning of 1960 to the end of 1969 The Deutsche Bundesbank ( German for German Federal Bank) is the Central bank of the Federal Republic of Germany and as such part of the Please update other articles as well to avoid contradiction within Wikipedia e See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Since then the exchange profits from the presence of the European Central Bank in Frankfurt am Main. The European Central Bank (ECB is one of the world's most important Central banks responsible for Monetary policy covering the 15 member countries of the
In 2002 and 2004 Deutsche Börse was in advanced negotiations to take over London Stock Exchange, which were broken off twice. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. "MMIV" redirects here For the Modest Mouse album see " Baron von Bullshit Rides Again " Deutsche Börse AG ( (ˈdɔɪtʃə ˈbɶʁzə is a marketplace organizer for the trading of Shares and other securities. The London Stock Exchange or LSE is a Stock exchange located in London, England.
Today, with a total turnover of €5. 2 trillion per year the Frankfurt Stock Exchange strengthens its position as the world's 3rd largest trade-place for stocks and the world's 6th largest by market capitalization. Market capitalization/capitalisation (aka market cap, mkt cap or capitalized/capitalised value) is a measurement of Corporate or Economic
See also
- List of banks in Germany
- Chi-X, an order-driven pan-European equity exchange
Further reading
- Financial Market Integration in a Wider European Union
- International financial centres: rivals or partner?
- Assessment on Frankfurt's failed take-over of LSE
External links
- Frankfurt Stock Exchange - Website for investors
- European Capital Markets Institute, Brussels
- Federation of European Securities Exchanges (FESE), Brussels
- Bank for International Settlements, Basel
- Börse N24.de
- Börse.de
- Börse-Online.de
- Euroland.com
- Investor´s Daily
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